Samsung Electronics and NAVER Cloud have expanded their collaboration to launch a private 5G network for Hoban Construction, a Korean company specializing in construction, property development and manufacturing. company.
The aim of the network is enable 5G-supported applications like drone-based, high-resolution monitoring for live site...
The Industrial Internet Consortium (IIC) announced that 3D AI analytics start-up Contilio is the winner of its Smart Construction Challenge, IIC said in a release.
The challenge was designed to advance real-world validation of Smart Construction applications and solutions while integrating cloud, edge, fog and IoT technologies.
As the winner, Contilio...
Construction technology, also known as ConTech, is poised for significant growth in 2019 as project margins face increasing pressure from trade tariffs and labor shortages prompt firms to look to tech-based solutions to solve them.
Strong U.S. economic fundamentals will drive further growth in the...
Japanese company SoftBank plans to make another $700 million investment in California-based Katerra, a construction tech startup aiming to disrupt the $10 trillion industry.
The new investment from SoftBank?s Vision Fund will put the builder?s valuation at $4 billion with total equity of nearly...
High labor costs and a shortage of workers are creating a fertile landscape for innovation in the construction industry.
Construction costs have jumped 23.6% since 2004, according to a new report by BuildZoom economist Issi Romem.
The spike, which was initially caused by increases in material...
Autodesk?s fast-paced acquisitions, totaling more than $1.1 billion dollars, of BuildingConnected and PlanGrid?portend the company?s strong interest in dominating the future of the construction industry.
The San Rafael, California-headquartered company announced it is acquiring startup BuildingConnected for $275 million after paying $875 million for...
As deadly wildfires continue to ravage homes in California?s Malibu coast, a new construction technology startup is building modular homes that can stand up to wildfires, floods, and other natural disasters. Boxabl, a Las Vegas-based company, has started prototype production of modular fireproof home...
Healthcare facilities are some of the most expensive projects built today. With the average construction costs per square foot ranging from $400 to $1,000, building a new 500-bed hospital can cost more than $1 billion.
The University of Texas Southwestern research hospital, a 1.3 million...
